Senior Manager Intraday Liquidity

Charles Schwab; Lone Tree (CO); On-site; USD 140,000 - 190,000; Full time

Benefits offered by this job

Bonus or incentive opportunities

401(k) with company match

Paid parental leave

Tuition reimbursement

Health, dental, and vision insurance

Health, dental, and vision insurance

Job summary

A leading financial institution in Lone Tree, Colorado is seeking a candidate to manage intraday liquidity. The role requires 6+ years in finance including 3+ years of experience managing Intraday Liquidity Risk at a large institution. The candidate should have a Bachelor's degree, with an MBA preferred. Excellent analytical skills and the ability to communicate complex ideas effectively are essential. Benefits include 401(k) with company match, stock purchase plan, and comprehensive health insurance.

Qualifications

• 6+ years in finance, with 3+ years managing Intraday Liquidity Risk in a large financial institution.
• Demonstrated knowledge of broker/dealer liquidity and bank liquidity requirements.
• Experience with treasury functions, debt, and capital instruments.
• Deep knowledge of bank liquidity requirements and treasury functions including debt and capital instruments.
• Excellent analytical, strategic planning, and communication skills.

Responsibilities

• Responsible for firm wide intraday liquidity management framework.
• Drive strategies for intraday liquidity and enhance resources.
• Design and implement monitoring for intraday liquidity.
• Design and implement monitoring metrics and reports on intraday liquidity.
• Identify intraday cash flow patterns and drivers with cross-functional teams.
• Automate and enhance intraday liquidity monitoring with Cash Management.
• Monitor trading activities to identify emerging intraday liquidity risks.
• Stay updated on macroeconomics, funding markets, and regulatory guidelines.
• Assist in optimizing intercompany funding to deploy liquidity efficiently.
• Prepare and review ALCO, senior management, and Board materials.

Skills

Analytical skills

Strategic planning

Problem resolution

Communication skills

Knowledge of financial requirements

Oral/written communication

Education

Bachelor’s degree

MBA

CFA, CPA or FRM designation

Job description

Overview

Your opportunity. At Schwab, you’re empowered to make an impact on your career. Here, innovative thought meets creative problem solving, helping us “challenge the status quo” and transform the finance industry together. The Liquidity and Funding Management group within Treasury handles liquidity and funding planning across the corporation and its subsidiaries, including our bank and broker-dealers. We monitor and ensure adherence to regulatory ratios including the Liquidity Coverage Ratio (LCR) and associated public disclosures, Net Stable Funding Ratio (NSFR), FR 2052a Liquidity Monitoring Report. We also develop tools to assist our business partners in analyzing the liquidity impacts of business decisions. We work with our second line partners to assist in the development of robust contingency liquidity analyses and plans to help identify emerging risks. This group is responsible for the design of company liquidity management policies, ensuring compliance at all times, and escalating issues to senior management as necessary. We work with internal and external partners on multiple ongoing examinations and audits of liquidity practices. This is an individual contributor role within the Funding Management group.

Responsibilities

• Responsible for the firm wide intraday liquidity management framework
• Drive strategies around intraday liquidity and expand intraday resources
• Own and enhance the intraday liquidity stress testing assumptions
• Design and implement monitoring metrics and reports on intraday liquidity
• Identify intraday cash flow patterns and drivers and collaborate with cross functional teams on optimization
• Partner with the Cash Management team to automate and enhance intraday liquidity monitoring practices
• Monitor customer trading activities and option trading and proactively identify emerging intraday liquidity risks
• Remain abreast of the macro-economic environment, funding markets, and regulatory guidelines
• Assist in optimizing intercompany funding venues to deploy liquidity efficiently across the organization
• Prepare and review ALCO, senior management, and Board committee materials

Qualifications

• Bachelor’s degree required; MBA preferred
• CFA, CPA or FRM professional designation preferred
• 6+ Years in finance with 3+ years of experience managing Intraday Liquidity Risk for a Category IV or larger financial institution
• Demonstrated detailed knowledge of finance
• Deep knowledge of broker / dealer liquidity requirements (series 27 preferred)
• Deep knowledge of bank liquidity requirements
• Experienced with treasury functions including debt and capital instruments
• Experienced with sweep deposit programs
• Experienced with financial systems and financial data
• Excellent analytical, strategic planning, problem resolution skills
• Ability to translate sophisticated business problems into discrete quantifiable components
• Excellent oral and written communication skills

Benefits

• In addition to the salary range, this role is also eligible for bonus or incentive opportunities.
• 401(k) with company match and Employee stock purchase plan
• Paid time for vacation, volunteering, and 28-day sabbatical after every 5 years of service for eligible positions
• Paid parental leave and family building benefits
• Tuition reimbursement
• Health, dental, and vision insurance